SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, today announced that it has extended the expiration time for its special dividend right from December 31, 2019 to on or before 5:00 PM ET on December 31, 2020. Per the update, on September 17, 2018, the company issued a non-transferable right (“Dividend Right”) to receive, at no charge, a special dividend to holders of the company’s Class A common stock as well as certain holders of the company’s common stock equivalents. The Special Dividend, if and when declared, will consist of such number and designation of the SRAX subsidiary BIGtoken, Inc.’s securities (“Special Dividend”) as determined at the sole discretion of the company’s management. The Dividend Right was set to expire on or before 5:00 PM ET on December 31, 2019 (the “Expiration Time”), unless extended by the company. The Dividend Right will now expire if the Special Dividend is not declared on or before 5:00 PM ET on December 31, 2020, unless further extended by SRAX.
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About SRAX Inc.
SRAX is a digital-marketing and consumer-data-management technology company. SRAX’s technology unlocks data to reveal brands’ core consumers and the characteristics of those consumers across marketing channels. Monetizing its data sets, SRAX is growing multiple, recurring revenue streams through its various platforms. Through its BIGtoken platform, SRAX has developed a consumer-managed data marketplace where people can own and earn from their data, thereby offering everyone in the internet ecosystem choice, transparency and compensation. SRAX’s tools deliver a digital competitive advantage for brands in the CPG, automotive, investor-relations, luxury and lifestyle verticals by integrating all aspects of the advertising experience, including verified consumer participation, into one platform. For more information, visit the company’s website at www.SRAX.com.
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